GAMMON INDIA LIMITED

Equity Shares allotted to a QIB pursuant to a QIP shall not be sold for a period of one year from the date of
allotment except on a recognized stock exchange in India.
Issue Procedure
1. The Company and the Joint Global Co-ordinators shall circulate serially numbered copies of the Preliminary
Placement Document and the Application Form, either in electronic form or physical form, to not more than
49 QIBs.
2. The list of QIBs to whom the Application Form is delivered shall be determined by the Joint Global Coordinators
in consultation with the Company. Unless a serially numbered Preliminary Placement
Document along with the Application Form is addressed to a particular QIB, no invitation to subscribe
shall be deemed to have been made to such QIB. Even if such documentation were to come into the
possession of any person other than the intended recipient, no offer or invitation to offer shall be deemed to
have been made to such person.
3. QIBs may submit an Application Form, including any revisions thereof, during the Bidding Period to the
Joint Global Co-ordinators.
4. QIBs will be required to indicate the following in the Application Form:
a. Name of the QIB to whom Equity Shares are to be Allotted;
b. Number of Equity Shares Bid for;
c. Price at which they are agreeable to subscribe for the Equity Shares, provided that QIBs may also
indicate that they are agreeable to submit an Application Form at “Cut-off Price”; and
d. The details of the dematerialized account(s) to which the Equity Shares should be credited.
Note: Each sub-account of an FII will be considered as an individual QIB and separate Application Forms
would be required from each such sub-account for submitting Application Form(s).
5. Once a duly completed Application Form is submitted by a QIB, such Application Form constitutes an
irrevocable offer and cannot be withdrawn after the Bid Closing Date. The Bid Closing Date shall be notified
to the Stock Exchanges and the QIBs shall be deemed to have been given notice of such date after the receipt
of the Application Form.
6. Upon the receipt of the Application Form, the Company shall determine the Issue Price and the number of
Equity Shares to be issued in consultation with the Joint Global Co-ordinators. Upon determination of the
Issue Price and the QIBs to whom Allocation shall be made, the Joint Global Co-ordinators will send the
CAN to the QIBs who have been Allocated the Equity Shares. The dispatch of the CAN shall be deemed a
valid, binding and irrevocable contract for the QIBs to pay the entire Issue Price for all the Equity Shares
Allocated to such QIB. The CAN shall contain details such as the number of Equity Shares Allocated to the
QIB and payment instructions including the details of the amounts payable by the QIB for Allotment of the
Equity Shares in its name and the Pay-In Date as applicable to the respective QIB.
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